The launch also saw the three following memorandums of understanding (MoUs) exchanges. - The first MoU between Sunway University and Grab, will see the Group and the ride-hailing platform working together in areas that will benefit Sunway University students and alumni. - An agreement between Sunway Ventures and MaGIC will be a joint study to explore collaboration between Sunway and MaGIC. - A collaboration between Sunway Education Group and Young Outliers will create a cooperative framework, which will see the management team from Young Outliers deliver talks, mentor and attend knowledge sharing sessions (online or offline) for the Sunway Innovation Labs, and through bootcamps, accelerators, innovation challenges, and business idea or pitching competitions.

"iLabs marks the first joint initiative undertaken by Sunway Ventures and Sunway University," said Dr Cheah. "It will drive Sunway's growth for the decades ahead and identify sunrise industries for us to invest in. It is a novel project that is aligned with the Government's stated goal of making Malaysia the start-up hub of the region."

He added: "This non-for-profit iLabs will bring together the collective talents, financial muscle and deep experience of Sunway University, Sunway Group, and Sunway Ventures in to a single collaborative space to foster entrepreneurship and stimulate market-driven innovations."The latest edition of this article lives at Computerworld Malaysia.